Fiduciary duties

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  • Fiduciary duties
    • Trusteeship is an unpaid office
      • There are exceptions to this rule
        • Statutory provisions s29 trustee act 2000, authority of the court Boardman v Phipps, beneficiarys agree, rule in Craddock v Piper, trust instrument, statutory s29 ta 2000 and if some of the trust assets are in a foreign jurisdiaction- rule in re northcote
    • Trustee must not set up in competition with the trust
      • Re Thompson
    • Trustee must not make profit from trusteeship


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